Interest rates on Domestic Term Deposits w.e.f. 09.11.2009 *
|
Time Bucket |
Interest rate |
7 Days to 14 Days |
Nil |
15 Days TO 29 Days |
3.50% |
30 Days and above and upto and inclusive of 45 days |
3.50% |
46 Days and above and upto and inclusive of 90 Days |
4.50% |
91 Days and above but less than 6 months |
5.25% |
6 months and above but less than 9 months |
6.00% |
9 months and above but less than 1 year |
6.25% |
1 year and above but less than 2 years |
7.25% |
2 years & above and inclusive of 3 years |
7.50% |
Above 3 years and inclusive of 5 years |
7.75% |
Above 5 years |
7.75% |
For KVB - Tax Shield Deposits |
7.75% |
* The rates are subject to change without notice. Kindly contact the nearest branch for the updated rates
Special Deposit Scheme for Senior Citizens
|
Time Bucket |
Interest rate
(Including additional interest rate for senior citizens) |
1 year and above but less than 2 years |
8.00% |
2 years & above & inclusive of 3 years |
8.25% |
Above 3 year and inclusive of 5 years |
8.50% |
For KVB - Tax Shield Deposits |
8.50% |
Maximum Ceiling limit for acceptance of Senior Citizens deposits is Rs.5.00 crore.
|
Penal Interest on pre closure of deposits:
Penalty of 1% will be levied on preclosure of deposits of all types and maturities.
|
|
Terms and conditions for the above facilities are subject to change without notice. Kindly contact the nearest branch for the updated rates |
